Delta Air Lines (DAL) financials and P/E
Delta Air Lines, Inc. reported revenue of $20.2B for the quarter to 30 Sep 2026 (Q3 FY26), up 21.1% on a year earlier, with an operating margin of 7.2%.
Delta Air Lines, Inc. fundamentals
- Last close
- 86.25 (13 Nov 2026, Yahoo Finance)
- Market value
- $56.7B (0.66B shares, 10-Q cover 30 Sep 2026, × close)
- P/E, trailing
- 17.2 (86.25 ÷ $5.01 diluted EPS, last four quarters)
- Price to sales
- 0.8 (market value ÷ $71.8B revenue, last four quarters)
- Free cash flow yield
- 11.4% ($6.5B free cash flow, last four quarters ÷ market value)
- Dividend yield
- —
- Net cash
- −$8.3B (cash and short-term investments minus debt, 30 Sep 2026)
| Q4 FY25* to 31 Dec 2025 | Q1 FY26 to 31 Mar 2026 | Q2 FY26* to 30 Jun 2026 | Q3 FY26* to 30 Sep 2026 | |
|---|---|---|---|---|
| Revenue | 16.0 | 15.9 | 19.8 | 20.2 |
| Revenue vs a year earlier | +2.9% | +12.9% | +18.7% | +21.1% |
| Operating income | 1.5 | 0.5 | 1.9 | 1.5 |
| Operating margin | 9.2% | 3.2% | 9.4% | 7.2% |
| Net income | 1.2 | -0.3 | 1.6 | 0.8 |
| Diluted EPS | $1.86 | $-0.44 | $2.44 | $1.15 |
| Operating cash flow | 2.3 | 2.4 | 1.6 | 1.7 |
| Capital spending | 0.9 | 1.2 | -0.8 | 0.2 |
| Free cash flow | 1.4 | 1.2 | 2.4 | 1.5 |
| Filing | 10-K, 11 Feb 2026 | 10-Q, 8 Apr 2026 | 10-Q, 10 Jul 2026 | 10-Q, 9 Oct 2026 |
| FY22 to 31 Dec 2022 | FY23 to 31 Dec 2023 | FY24 to 31 Dec 2024 | FY25 to 31 Dec 2025 | |
|---|---|---|---|---|
| Revenue | 50.6 | 58.0 | 61.6 | 63.4 |
| Revenue vs a year earlier | +69.2% | +14.8% | +6.2% | +2.8% |
| Operating income | 3.7 | 5.5 | 6.0 | 5.8 |
| Operating margin | 7.2% | 9.5% | 9.7% | 9.2% |
| Net income | 1.3 | 4.6 | 3.5 | 5.0 |
| Diluted EPS | $2.06 | $7.17 | $5.33 | $7.66 |
| Operating cash flow | 6.4 | 6.5 | 8.0 | 8.3 |
| Capital spending | 6.4 | 5.3 | 5.1 | 4.5 |
| Free cash flow | -0.0 | 1.1 | 2.9 | 3.8 |
| Filing | 10-K, 11 Feb 2025 | 10-K, 11 Feb 2026 | 10-K, 11 Feb 2026 | 10-K, 11 Feb 2026 |
Balance sheet at 30 Sep 2026 (10-Q): cash and short-term investments $3.8B, debt $12.1B, shareholders’ equity $22.5B.
Free cash flow = operating cash flow − capital spending, as PYE Markets calculates it. * Not filed on its own: the year to date minus the earlier quarters, so per-share figures are approximate. Each column shows the latest filing that reports it. Source: SEC EDGAR XBRL company facts; price: Yahoo Finance daily close. Not investment advice.
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